Italian construction equipment manufacturer booked for duping MIEL of ₹13 crore with defective equipment
An Italian construction equipment manufacturer was booked by the Cyberabad Economic Offences Wing (EOW) for allegedly supplying defective machinery to Hyderabad-based Megha Engineering Infrastructure Limited (MEIL).
The case was initially booked by the Balanagar police in March, however, as the value of the fraud is an estimated ₹13 crore, the case was transferred to the EOW for further investigation.
According to the police, MEIL placed an order with Soilmec for the tunnel rings required for the construction of a railway line in Uttarakhand. When the machinery was found defective, MEIL tried to contact Soilmec representatives, but did not receive any response.
The company then lodged a complaint alleging that Soilmec had collected over ₹13 crore and supplied defective machinery, causing losses to them.
Further investigation is under way.
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